Morale Plummets as WWE Undergoes Merger Layoffs Following Endeavor Acquisition – The merger between WWE and UFC following Endeavor’s acquisition of WWE last Friday has led to significant changes and layoffs within the organization as it transitions under TKO Holdings Group. This move had been anticipated for some time, as both companies had overlapping departments, and consolidating them was seen as a more cost-efficient approach.
On the day of the merger, WWE had its employees work remotely. Subsequently, WWE President Nick Khan called for a mandatory meeting on Tuesday to address the changes.
Reports from PWInsider indicate that morale among WWE employees has been severely impacted by the recent layoffs.
“To say that morale among WWE employees has been decimated would be an understatement.”
Many returning to the offices have encountered empty desks and the knowledge that some of their co-workers will not be returning. These layoffs have undoubtedly created a challenging atmosphere within the company.
Nick Khan, in an email on Friday, communicated that the layoffs were completed. Some within WWE have suggested that these changes may not have occurred under the leadership of Stephanie McMahon, who played a significant role in building morale and fostering a sense of pride among WWE employees during her tenure as co-CEO with Nick Khan last year.
As WWE adapts to its new organizational structure and challenges posed by the recent layoffs, it remains to be seen how the company will navigate this transitional phase and continue its operations in the days and months ahead.
Morale Plummets as WWE Undergoes Merger Layoffs
